GERMAN ITEMS

Hokitika Guardian, 24 May 1923, Page 2

GERMAN ITEMS

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. THE GERMAN MARK. LONDON, May 23. The German mark in London yesterday reached tlie lowest point on record, namely 270 thousand marks to tlie pound. Berlin reports state that the Germans were depressing tlie market over Whitsuntide, on learning that sterling was above 2GO thousand and tho dollar above fifty thousand. PRICES RISE IN GERMANY. LONDON, May 23. Consequent on the mark’s fall the railway fares in Germany will he doubled on the first of June, and the price of bread will be more than doubled the 4th of June. GERMAN PUBLIC EASY. LONDON, May 23.

In Germany, even though fares rercntly doubled, travelling is still the cheapest form of amusement. Five days before the holidays every seat was sold in the expresses leaving Berlin on Friday and Saturday. Thousands of people went eight hundred miles, to Munich and bade, spending twentv-tour hours in the train. The holiday-makers, apparently belonging to all classes, seemed free from preoccupation regarding the Ruhr and the reparations. They were only concerned with enjoyment. MUST PAY HERSELF. BRUSSELS, May 22. M. Tlieunis, Premier of Belgium, speaking in the Senate, said:—“We have been living in a fool’s paradise regarding the German reparations. The time has come when we must ourselves hear tho burdens of which Germany will relieve us only in the most distant future. We have debts to certain Allies, including America. While there is reason to believe that America will deal leniently with us, wo must make adequate provision.”